$399,900
SOLD JUL 23, 2025
Last list price

1036 Madeira Dr SE Albuquerque, NM 87108

South San Pedro Neighborhood
1 Bed
1 Bath
2,865 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$140 Per Sq Ft

18 Days on Market

Highlights

  • Wood Flooring
  • Security Gate
  • Heating Available
  • Ductless Heating Or Cooling System
  • Landscaped
  • Property has 1 Level

About This Home

As of July 2025

Discover this updated, low-maintenance income producing property! An ideal opportunity for both first-time & seasoned investors. This well-maintained asset offers a desirable unit mix, featuring (3) 1-bedroom/1-bath units (Units A, B & C), & a spacious 3-bedroom/2-bath unit (Unit D) complete with a detached 1-car garage. In 2020, the owner completed upgrades to ensure long-term value & energy efficiency, including: Mini-split heating & refrigerated air systems in all units, Upgraded electrical service, pro-panel metal roof, Fresh stucco, dual-pane windows, perimeter fencing & landscaping. Units A & D have been fully remodeled with tasteful, modern interiors. Units B & C are occupied by long-term tenants & currently rented below market value, offering potential for future rental growth!

Last Agent to Sell the Property

Jonathan Ortiz

Southwest Elite Real Estate License #44118 Listed on: 06/05/2025

Southwest Elite Real Estate

Co-Listed By

Andrea Romero

Southwest Elite Real Estate License #50774

Last Buyer's Agent

Jonathan Ortiz

Southwest Elite Real Estate License #44118 Listed on: 06/05/2025

Southwest Elite Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,746

Year Built

  • Built in 1960

Lot Details

  • 8,276 Sq Ft Lot
  • Landscaped

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Frame Construction
  • Stucco

Interior Spaces

  • 2,865 Sq Ft Home
  • Property has 1 Level
  • Security Gate
  • Free-Standing Electric Range

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Laundry in Garage
  • Washer and Dryer Hookup

Utilities

  • Ductless Heating Or Cooling System
  • Refrigerated Cooling System
  • Heating Available
  • Natural Gas Connected

Community Details

  • 2,865 Sq Ft Building
  • Gross Income $39,600

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 101805607520632201

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,746

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions: See Map
  • Listing Contract Date: 2025-06-05
  • Year Built: 1960
  • Lot Size Acres: 0.19
  • Co List Office Mls Id: SERE01
  • Co List Office Phone: (505) 798-6333
  • Unit Levels: One
  • New Construction: No
  • Property Sub Type Additional: Quadruplex
  • Special Features: None

Interior Features

  • Flooring: Laminate, Tile, Wood
  • Appliances: Free-Standing Electric Range, Refrigerator
  • Stories: 1
  • Number Of Buildings: 1
  • Basement YN: No
  • Total Bedrooms: 1
  • Living Area: 2865.0

Exterior Features

  • Exterior Features: Landscaping
  • Disclosures: Lead Based Paint Disclosure, RANM 2100 Disclosure
  • Builder Name: UNKNOWN
  • Construction Type: Frame, Stucco
  • Property Condition: Resale

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

  • Cooling: Multi Units, Refrigerated
  • Electric: None
  • Heating: Ductless
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry Features: Washer Hookup, Dryer Hookup, In Unit
  • Security: Security Gate
  • Cooling Y N: Yes
  • Heating Yn: Yes

Green Features

  • Green Power: None

Lot Info

  • Lot Size Sq Ft: 8276.4
  • Parcel #: 101805607520632201
  • Zoning Description: R-MH*

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 39600.0

Tax Info

  • Tax Annual Amount: 1745.92

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 Sold -- -- --
06/23/2025 06/23/25 Pending -- -- --
06/05/2025 06/05/25 For Sale $399,900 -- $140 / Sq Ft
Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jonathan Ortiz

    Seller's Agent in 2025

    Jonathan Ortiz

    Southwest Elite Real Estate

    (505) 363-8451

    2 in this area

    197 Total Sales

    Section Image

  • A

    Seller Co-Listing Agent in 2025

    Andrea Romero

    Southwest Elite Real Estate

    (505) 610-6481

    2 in this area

    193 Total Sales

    Section Image
See All Agents

Map

Source: Southwest MLS (Greater Albuquerque Association of REALTORS®)

MLS Number: 1085343

Southwest MLS (Greater Albuquerque Association of REALTORS®)

APN: 1-018-056-075-206-3-22-01

New Mexico Bernalillo County Albuquerque 87108 South San Pedro

1036 Madeira Dr SE, Albuquerque, NM

This home is located at 1036 Madeira Dr SE, Albuquerque, NM 87108 and is currently priced at $399,900, approximately $139 per square foot. This property was built in 1960. 1036 Madeira Dr SE is a home located in Bernalillo County with nearby schools including Whittier Elementary School, Wilson Middle School, and Highland High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwest MLS (Greater Albuquerque Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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